Headwaters Completes Coal Cleaning Facility

10-Apr-2007

Headwaters Inc. announced that its wholly owned subsidiary, Covol Engineered fuels, LC ("CEF"), has completed the coal cleaning facility located in Adger, Alabama at the Jim Walter Resources Mine number 3, and has placed the facility into operation. The business was obtained in an acquisition Headwaters announced in May of 2006 and was shut down in November to allow for the construction of a plant with improved ability to clean and recover waste coal fines. CEF, designed the process to allow for improved recovery and product quality. The recovered coal from this under-utilized resource base will be marketed for steam production in utility and industrial boilers.

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